A progressive voice from the Carolinas, featuring views, news, and dialogue that the corporate media doesn't. In the Mountains of Western North Carolina, Mills River is a rural community about 20 minutes from Asheville.

Wednesday, April 02, 2014

Outrageous!

This is yet another thing that pisses me off about the austerity bullshit trotted out by politicians and policymakers: They totally IGNORE the corporate tax dodgers, and pretend there are no other options but to stick it to Main Street. And we're told that we can't have a $10.00 an hour minimum wage because it would hurt these *poor* companies. Gimme a break! From Common Dreams:Tax Dodging Companies Hoarding Nearly One Trillion Overseas
By Andrea Germanos

Profits for U.S. companies are at a record high, yet companies have
hoarded nearly one trillion overseas to dodge U.S. taxes, a new Moody's
analysis shows.

The findings, based on an analysis that looked at U.S. non-financial,
Moody’s-rated companies, also reveal that these companies had
stockpiled $1.64 trillion in cash at the end of 2013. That's about up
about 12 percent from the year before.

Leading the pack of cash hoarders is Apple, which stockpiled $158.8 billion last year. More here.

“In the councils of government we must guard against
the acquisition of power, whether sought or unsought,
by the military industrial complex.
The potential for the disastrous rise of misplaced power exists and will persist.
We must never let the weight of this combination endanger our liberties and democratic processes.”

Dwight D. Eisenhower
from his final address to the nation
January 17, 1961

If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.
--Thomas Jefferson